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Home JAPAN GULF NATIONS NEWS

Sony to set up new electric vehicle unit, mulls entering market: CEO

by 198 Japan News
January 5, 2022
in JAPAN GULF NATIONS NEWS
Reading Time: 3 mins read
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Sony to set up new electric vehicle unit, mulls entering market: CEO
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Sony Group Corp. will set up a new unit in the spring for electric vehicles as it explores the possibility of launching them commercially, its CEO said Tuesday.

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Speaking at a press preview ahead of the annual Consumer Electronics Show in Las Vegas, Sony Group Chairman and CEO Kenichiro Yoshida said the new unit, Sony Mobility Inc., will aim to make the best use of artificial intelligence and robotics technology for EV development.

The announcement by the Japanese electronics and entertainment giant came at a time when global competition has been intensifying over the development of EVs, with many automakers shifting to such vehicles for carbon emission reductions.

Nonautomakers including Apple Inc. are also reportedly considering entering the market.

At the same event in 2020, Sony unveiled a prototype EV, the Vision-S, equipped with technology for autonomous driving and aimed at enhancing the safety and comfort of mobility.

Yoshida on Tuesday unveiled an SUV prototype of the Vision-S model.









Toyota takes crown from GM as world’s No. 1 in sales


dailynews.com – Jan 05

Toyota Camry, take a bow. Prius, bask in the limelight. Strong demand for those models helped propel the Japanese carmaker onto the throne as the world’s largest auto seller – at least for the first quarter of 2007.


Japan Eager To Promote Femtech To Support Working Women


Arab News Japan – Jan 04

Japan’s industry ministry is stepping up support to companies helping working women with “femtech” products and services, which utilize advanced technologies to address women’s health problems.


Japan business leaders voice resolve to tackle key growth challenges


Kyodo – Jan 02

The leaders of Japan’s major business organizations on Saturday expressed their resolve to address pressing challenges facing the country to support growth in 2022, ranging from digitalization and decarbonization to regional revitalization and deregulation.


The complexity of investing in Japan


hellosolar.info – Dec 31

About a year ago Berkshire Hathaway, Warren Buffett’s company, decided to invest 5% in Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo, all commercial agents, which put Japan in the crosshairs of mutual fund managers.


Japan withholds approval of Alzheimer’s drug


NHK – Dec 23

A panel of experts advising Japan’s health ministry has pushed back its decision on approving a new Alzheimer’s drug developed jointly by US and Japanese companies.

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